Public notices of changes to interest rates.
Changes to Interest Rates
29 May 2025
The following interest rates are effective from:
- 29 June 2025 for existing home loans (entered into prior to 29 May 2025)
- 29 May 2025 for new home loans
Residential Lending
| Floating Rate | Old Rate | New Rate |
| Residential Term Loans | 6.74% | 6.49% |
| Residential Investing Term Loans | 7.24% | 6.99% |
| Residential Flexi Loans | 6.74% | 6.49% |
| Residential Investing Flexi Loans | 7.24% | 6.99% |
Commercial
| Floating Rate | Old Rate | New Rate |
| Commercial Floating Loans | 9.84% | 9.59% |
| Commercial Flexi Loans | 10.24% | 9.99% |
Interest rates are subject to change.
Public notices of changes to fees and charges.
Changes to Fees and Charges
10 October 2024
Effective from 10 October 2024.
Account Charges
- Removal of $20 Dishonour Fee.
- Removal of $15 Stop Payment Fee.
- Removal of $10 Transaction Traces and Voucher Search Fee.
- Increased Duplicate and Paper Statement Fee to $2.50.
Credit Fees and Charges Scheduled and Reverse Equity Mortgage Fees and Charges
- Removal of the $65 Consent Fee
Fee information on fees and charges can be found here at sbsbank.co.nz/fees, by contacting us on 0800 727 2265 or by visiting one of our branches.
Do you need a copy of earlier public notices?
Contact us on 0800 727 2265 if you need any public notices of changes to our fees and charges posted over 12 months ago.
Public notices of changes to terms and conditions.
Changes to Loan Terms and Conditions
10 February 2025
We are making a change to our Loan Terms and Conditions (dated 27 January 2016). This change will come into effect from 10 February 2025.
We are removing the following wording from clause 3 under ‘Reducing Flexi Loan’: “You can, at any time during the Term, request that your Flexi Loan is changed to a Reducing Flexi Loan. We will notify you of the amount of your regular reductions.”
A copy of our Terms and Conditions can be found here on our website or talk to one of our friendly team members in branch.
Changes to Electronic Banking Terms and Conditions
28 November 2024
We are making changes to our Electronic Banking Terms and Conditions (dated 22 April 2024). These changes will come into effect from 28 November 2024. The changes are as follows:
A new section 4 has been inserted to detail the Confirmation of Payee service, and what that will mean when you make a payment.
Further information around Confirmation of Payee can be found at sbsbank.co.nz/confirmation-of-payee
A copy of our Terms and Conditions can be found here on our website by clicking here or talk to one of our friendly team members in branch.
Do you need a copy of earlier public notices?
Contact us on 0800 727 2265 if you need any public notices of changes to our terms and conditions posted over 12 months ago.